Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-302022-07-01falseNo description of principal activity44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13468873 2022-07-01 2023-06-30 13468873 2021-06-21 2022-06-30 13468873 2023-06-30 13468873 2022-06-30 13468873 2021-06-21 13468873 c:CompanySecretary1 2022-07-01 2023-06-30 13468873 c:Director1 2022-07-01 2023-06-30 13468873 c:Director2 2022-07-01 2023-06-30 13468873 c:Director3 2022-07-01 2023-06-30 13468873 c:Director4 2022-07-01 2023-06-30 13468873 c:RegisteredOffice 2022-07-01 2023-06-30 13468873 d:CurrentFinancialInstruments 2023-06-30 13468873 d:CurrentFinancialInstruments 2022-06-30 13468873 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 13468873 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 13468873 d:ShareCapital 2023-06-30 13468873 d:ShareCapital 2021-06-21 2022-06-30 13468873 d:ShareCapital 2022-06-30 13468873 d:ShareCapital 2021-06-21 13468873 d:SharePremium 2023-06-30 13468873 d:SharePremium 2021-06-21 2022-06-30 13468873 d:SharePremium 2022-06-30 13468873 d:SharePremium 2021-06-21 13468873 d:RetainedEarningsAccumulatedLosses 2023-06-30 13468873 d:RetainedEarningsAccumulatedLosses 2021-06-21 2022-06-30 13468873 d:RetainedEarningsAccumulatedLosses 2022-06-30 13468873 d:RetainedEarningsAccumulatedLosses 2021-06-21 13468873 c:OrdinaryShareClass1 2022-07-01 2023-06-30 13468873 c:OrdinaryShareClass1 2023-06-30 13468873 c:OrdinaryShareClass1 2022-06-30 13468873 c:FRS102 2022-07-01 2023-06-30 13468873 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 13468873 c:FullAccounts 2022-07-01 2023-06-30 13468873 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 13468873 6 2022-07-01 2023-06-30 13468873 e:PoundSterling 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure


Registered number: 13468873












MOXXX LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

 

MOXXX LTD

CONTENTS



Page
Company information
 
1
Balance sheet
 
2 - 3
Statement of changes in equity
 
4
Notes to the financial statements
 
5 - 8


 

MOXXX LTD
 
COMPANY INFORMATION


Directors
J B Saunders 
A C Pietrovito 
O J Eavis 
M Bolton 




Company secretary
M Page



Registered number
13468873



Registered office
16 Great Queen Street

London

England

WC2B 5AH




Page 1


 
REGISTERED NUMBER:13468873
MOXXX LTD

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
818,348
814,958

  
818,348
814,958

Current assets
  

Debtors: amounts falling due within one year
 5 
-
98,651

  
-
98,651

Creditors: amounts falling due within one year
 6 
(307,455)
(402,716)

Net current liabilities
  
 
 
(307,455)
 
 
(304,065)

  

Net assets
  
510,893
510,893


Capital and reserves
  

Called up share capital 
 7 
11,759
11,759

Share premium account
  
514,134
514,134

Profit and loss account
  
(15,000)
(15,000)

Total equity
  
510,893
510,893


Page 2


 
REGISTERED NUMBER:13468873
MOXXX LTD
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J B Saunders
Director

Date: 19 February 2024

The notes on pages 5 to 8 form part of these financial statements.

Page 3

 

MOXXX LTD

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 21 June 2021
-
-
-
-



Profit for the period
-
-
387,716
387,716

Dividends
-
-
(402,716)
(402,716)

Shares issued during the period
11,759
514,134
-
525,893



At 30 June 2022 and 1 July 2022
11,759
514,134
(15,000)
510,893


At 30 June 2023
11,759
514,134
(15,000)
510,893


The notes on pages 5 to 8 form part of these financial statements.

Page 4

 

MOXXX LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Moxxx Ltd is a private company limited by shares and registered in England and Wales. The Company’s registered number is 13468873. Its registered office is 16 Great Queen Street, London, England, WC2B 5AH.
The financial statements are presented in Sterling (£), which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, she continues to adopt the going concern basis in preparing the financial statements.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

  
2.5

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Page 5

 

MOXXX LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.6

Financial instruments

The Company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the Company becomes party to the contractual provisions of the instrument. 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. 
 
The Company’s policies for its major classes of financial assets and financial liabilities are set out below. 

Financial assets
Basic financial assets, including trade and other debtors, cash and bank balances, intercompany working capital balances, and intercompany financing are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Page 6

 

MOXXX LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)




Financial instruments (continued)

Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the Company would receive for the asset if it were to be sold at the reporting date. 

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year/period was 4 (2022 - 4).

Page 7

 

MOXXX LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2022
814,958


Additions
3,390



At 30 June 2023
818,348





5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
-
98,651



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
307,455
-

Other creditors
-
402,716

307,455
402,716



7.


Share capital

2023
2022
£
£
Allotted, called up and partly paid



11,759 (2022 - 11,759) Ordinary shares of £1.00 each
11,759
11,759



8.


Related party transactions

The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are a wholly owned part of the group.

 
Page 8